**Why does the cryptocurrency holding rate fall instead of rising? 🤔**

Hello everyone! Today we will talk about an interesting topic – changes in cryptocurrency holdings. According to a recent report released by the Consumer Finance Institute (CFI) of the Federal Reserve Bank of Philadelphia, cryptocurrency ownership has not increased significantly even after the bear market ended. What is going on?

**Behind the decline in ownership rates**

CFI’s report shows that in October 2023, only 17.1% of respondents owned cryptocurrencies, while by January 2024, this dropped to 15.4%. What’s more interesting is that before and after the price peaked in March and the halving in April, the holding rate of Bitcoin did not increase significantly. The holding rate in April was 16.1%, and it fell two months later in July. to 14.7%.

**Data Comparison: Federal Reserve vs Coinbase**

In May, the Federal Reserve reported that a survey of more than 11,000 respondents found that by 2023, approximately 18 million people in the United States would own or use cryptocurrencies. The number found by Coinbase in September 2023 was as high as 52 million. Is such a big difference due to different statistical methods, or is there another hidden reason?

**Market Sentiment and Holdings**

While the market has grown in recent times, this has not resulted in an increase in cryptocurrency ownership. This may be because many people are still skeptical about market volatility, or they are waiting for clearer market signals.

**Views and Interactions**

Judging from the data, cryptocurrency holdings have not changed significantly with market volatility, which may reflect investor caution. What do you think causes this phenomenon? Is it market uncertainty or other factors? Welcome to share your opinions and experiences in the comment area!

**Conclusion**

Overall, the cryptocurrency market is still full of uncertainty, but it also provides us with more room for thinking. Whether you are a newbie or a veteran, you can find your own opportunities in this ever-changing market. Looking forward to seeing your wonderful views in the comment section!